China’s major petrochemical futures closed in positive territory on Monday, with LLDPE, PP, PVC, and MEG all posting modest gains.
LLDPE (l2601) opened at RMB 7,390 (USD 859) and moved within a narrow range of RMB 7,428 (USD 863) to RMB 7,388 (USD 859) before settling at RMB 7,423 (USD 863). The contract ended 0.51% higher, up RMB 38 (USD 4.42/mt) from the previous settlement of RMB 7,385 (USD 858/mt).
PP (pp2601) began the session at RMB 7,033 (USD 817), reached a high of RMB 7,080 (USD 823) and a low of RMB 7,033 (USD 817), and closed at RMB 7,074 (USD 822). This marked a 0.43% gain or RMB 30 (USD 3.49/mt) over the prior settlement of RMB 7,044 (USD 819/mt).
PVC (v2601) opened at RMB 5,019 (USD 583), fluctuated between RMB 5,077 (USD 590) and RMB 5,012 (USD 582), and finished at RMB 5,047 (USD 587). The contract rose 0.86%, up RMB 43 (USD 5/mt) from the previous settlement of RMB 5,004 (USD 582/mt).
MEG (eg2601) started at RMB 4,474 (USD 520), touched a high of RMB 4,520 (USD 525) and a low of RMB 4,470 (USD 519), before closing at RMB 4,509 (USD 524). The contract gained 0.69%, or RMB 31 (USD 3.60/mt), compared to the prior settlement of RMB 4,478 (USD 520/mt).
